Franklin Electric Co Inc (FELE)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,304,061 | 1,295,517 | 1,305,920 | 1,343,159 | 1,368,125 | 1,378,377 | 1,387,276 | 1,368,426 | 1,352,276 | 1,316,395 | 1,251,221 | 1,174,412 | 1,085,776 | 1,008,147 | 939,137 | 855,255 | 814,192 | 823,340 | 827,240 | 861,703 |
| Inventory | US$ in thousands | 483,875 | 524,647 | 525,435 | 532,242 | 508,696 | 543,540 | 574,642 | 600,651 | 544,980 | 557,604 | 567,143 | 527,867 | 449,975 | 395,531 | 350,121 | 310,330 | 300,932 | 289,292 | 299,395 | 310,006 |
| Inventory turnover | 2.70 | 2.47 | 2.49 | 2.52 | 2.69 | 2.54 | 2.41 | 2.28 | 2.48 | 2.36 | 2.21 | 2.22 | 2.41 | 2.55 | 2.68 | 2.76 | 2.71 | 2.85 | 2.76 | 2.78 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,304,061K ÷ $483,875K
= 2.70
The inventory turnover ratio of Franklin Electric Co Inc shows a fluctuating trend over the past few years. It started at 2.78 as of March 31, 2020, and ranged between 2.68 to 2.85 throughout 2020. In 2021, the ratio decreased slightly to around 2.41 to 2.76, showing some inconsistency in managing inventory levels efficiently.
However, from March 31, 2022, to December 31, 2024, the inventory turnover ratio experienced a downward trend overall, dropping from 2.22 to 2.70. This downward trend may indicate potential issues such as overstocking, slow-moving inventory, or inefficient inventory management practices.
Overall, Franklin Electric Co Inc's inventory turnover has shown some volatility and a general declining trend in recent periods, suggesting the company may need to review its inventory management strategies to improve operational efficiency and better utilize its working capital.
Peer comparison
Dec 31, 2024
Dec 31, 2024